By Andrei Skvarsky.
Funds run by debt investor Permira Debt Managers (PDM) have provided buyout company Gilde with a loan for buying Dutch promotional gifts supplier Xindao from private equity firm Perusa.
The PDM-managed funds have acted as the senior secured lender in helping make the acquisition possible, the London-based debt investor said in a statement.
According to statements from Gilde, which has its headquarters in Utrecht, and Munich-headquartered Perusa, the two companies are not disclosing how much Xindao has been sold for or other specific terms of the deal.
PDM, which mainly finances mid-market European businesses, was set up in 2007, and since then, according to its website profile, its funds have put about 8bn euros (about $9bn) into more than 150 companies in a large variety of industries in 12 European countries.
The PDM funds’ investors include pension funds, insurers, endowments and family offices in the United States, Asia, the Middle East and Europe.
Gilde is a mid-market private equity investor with funds of more than 3bn euros (more than $3bn) under management and operations in the Netherlands, Belgium, Switzerland and Germany.
Perusa manages funds of a little more than 350m euros (about $400m) and invests in mid-sized companies and corporate carve-outs in German-speaking and Nordic countries and the Netherlands.
Xindao is a designer and supplier of promotional gifts for businesses and sells them through more than 4,500 distributors globally.
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